%% Grandfathering Project
%% Balance table
%% Compiled on 2024-06-28 17:07:34 using <balance.Rmd>
%% Written by Jack Gregory


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\begin{longtable}[c]{@{\extracolsep{0.7ex}}l*{3}{D{.}{.}{-2}}@{}}
	\caption{Average characteristics of boilers by local regulation}
	\label{tbl:balance_lr11}

\\
\hline\hline
\textbf{Variable} & \multicolumn{1}{c}{\textbf{\makecell{Local regulation\\> 1.1}}} & \multicolumn{1}{c}{\textbf{\makecell{Local regulation\\$\leq$ 1.1}}} & \multicolumn{1}{c}{\textbf{Difference}} \\ [1.0ex]
\midrule
\endfirsthead
\hline\hline
\textbf{Variable} & \multicolumn{1}{c}{\textbf{\makecell{Local regulation\\> 1.1}}} & \multicolumn{1}{c}{\textbf{\makecell{Local regulation\\$\leq$ 1.1}}} & \multicolumn{1}{c}{\textbf{Difference}} \\ [1.0ex]
\midrule
\endhead
Nonattainment &	0.06 &	0.08 &	-0.02 \\
 &	(0.18) &	(0.24) &	[-0.77] \\ [1.0ex]
Acid Rain Program &	0.96 &	0.95 &	0.01 \\
 &	(0.21) &	(0.22) &	[0.30] \\ [1.0ex]
Applicable Non-NSR Emission &	0.50 &	2.17 &	-1.67^{***} \\
 Standard [lbs/MMBtu] &	(0.28) &	(1.05) &	[-15.72] \\ [1.0ex]
Latitude &	38.50 &	39.42 &	-0.93^{**} \\
 &	(4.16) &	(2.67) &	[-3.14] \\ [1.0ex]
Longitude &	-86.77 &	-90.39 &	3.62^{*} \\
 &	(8.37) &	(16.27) &	[2.18] \\ [1.0ex]
Age &	32.76 &	27.78 &	4.98^{***} \\
 &	(13.63) &	(12.50) &	[3.77] \\ [1.0ex]
Inservice year &	1,967.02 &	1,972.15 &	-5.13^{**} \\
 &	(16.49) &	(16.32) &	[-2.99] \\ [1.0ex]
Retirement year &	2,009.25 &	2,008.27 &	0.98 \\
 &	(7.42) &	(7.12) &	[0.88] \\ [1.0ex]
Retire &	0.46 &	0.45 &	0.01 \\
 &	(0.50) &	(0.50) &	[0.23] \\ [1.0ex]
Capacity &	284.33 &	365.57 &	-81.24^{**} \\
 &	(261.77) &	(248.18) &	[-3.09] \\ [1.0ex]
Efficiency &	155.58 &	167.43 &	-11.85 \\
 &	(744.69) &	(799.40) &	[-0.14] \\ [1.0ex]
Duration$^{\dagger}$ [hr/yr] &	6,269.00 &	6,545.37 &	-276.37 \\
 &	(1,865.40) &	(1,945.75) &	[-1.14] \\ [1.0ex]
Generation$^{\dagger}$ [GWh/yr] &	1,848.67 &	2,322.37 &	-473.70^{*} \\
 &	(1,699.40) &	(1,712.61) &	[-2.12] \\ [1.0ex]
SO2 emissions$^{\dagger}$ [lbs/MMBtu] &	0.99 &	0.31 &	0.67^{***} \\
 &	(0.75) &	(0.34) &	[13.38] \\ [1.0ex]
Weighted average mine sulfur &	1.66 &	1.54 &	0.12^{***} \\
 content [\% weight] &	(0.19) &	(0.21) &	[5.42] \\ [1.0ex]
Commercial \& industrial utility &	0.48 &	0.30 &	0.18^{***} \\
 share &	(0.50) &	(0.46) &	[3.71] \\ [1.0ex]
Investor-owned utility share &	0.04 &	0.00 &	0.04^{***} \\
 &	(0.19) &	(0.00) &	[6.52] \\ [1.0ex]
Other utility share &	0.49 &	0.70 &	-0.21^{***} \\
 &	(0.50) &	(0.46) &	[-4.41] \\ [1.0ex]
CE manufacturing share &	0.33 &	0.33 &	0.01 \\
 &	(0.47) &	(0.47) &	[0.11] \\ [1.0ex]
FW manufacturing share &	0.09 &	0.22 &	-0.14^{**} \\
 &	(0.28) &	(0.42) &	[-3.18] \\ [1.0ex]
RS manufacturing share &	0.09 &	0.04 &	0.05^{*} \\
 &	(0.28) &	(0.20) &	[2.22] \\ [1.0ex]
Other manufacturing share &	0.49 &	0.41 &	0.08 \\
 &	(0.50) &	(0.49) &	[1.61] \\ [1.0ex]
\midrule
Number of Boilers &	1,202 &	98 &	 \\
\hline\hline
\multicolumn{4}{p{14.1cm}}{\textit{Notes}:  This table displays average characteristics by local regulation at a cutoff of 1.1 lbs/MMBtu.  Standard deviations are in parentheses, with \textit{t}-statistics of the difference between `grandfathered' and `non-grandfathered' boilers in brackets where *** p<0.001;  ** p<0.01;  * p<0.05.  All variables utilize the full extent of our dataset, except for those from CEMS which are from 1997 onwards and are identified with a $^{\dagger}$. Each row is a separate calculation, and is not conditional on the other variables reported here.} \\
\end{longtable}

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